I don’t think wet lease is the correct word for the Air Atlanta lease to iberia. ACMI lease is better.

ACMI stands for Aircraft, Crew, Maintainance, Insurance, and these are the exactly the things that Atlanta is providing to Iberia. Iberia, on the other hand, pays for fuel, traffic rights, handling etc. All the million things that make an airline tick.

Dry lease is where an operator leases one of it’s aircraft to another operator and is totally spot free of anything. The airline taking over the aircraft has to care for it as it’s one of it’s own.

Wet lease is where the owner of the aircraft is operating the services of another company and paying all the bills. Crew, maintainance, insurance, fuel, traffic rights…….the whole works.

Then there is what is called Annex 6 lease. Don’t get me started on that one 😮 😀 That’s really complicated 😀 😀